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10. [-/1 Points] DETAILS The price-demand equation for a particular flashlight is given by p = 118 - 0.004x, where x is
Posted: Tue Jul 05, 2022 10:06 am
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- 10 1 Points Details The Price Demand Equation For A Particular Flashlight Is Given By P 118 0 004x Where X Is 1 (24.9 KiB) Viewed 14 times
10. [-/1 Points] DETAILS The price-demand equation for a particular flashlight is given by p = 118 - 0.004x, where x is the number of flashlights demanded when the price is p dollars each. The flashlight manufacturers will produce no flashlights if the price is $74 or less, and they will market 6,000 flashlights when the price is $98 per flashlight. (Assume the price-supply equation is linear.) TAMUBUSCALC1 4.6.010. 0/6 Submissions Used (a) Find the consumers' surplus for this commodity. $ (b) Find the producers' surplus for this commodity. $ MY NOTES ASK YOUR TEACHER